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Mondelez International ( (MDLZ) ) has issued an update.
In the fourth quarter of 2024, Mondelēz International completed the sale of its remaining 85.9 million shares in JDE Peet’s to JAB Holdings Company for approximately €2.2 billion. This transaction, finalized on November 29, 2024, led to a recast of the company’s historical non-GAAP financial results, excluding JDEP’s equity method investment net earnings from adjusted EPS for all historical periods. This adjustment aims to enhance transparency and trend identification in Mondelēz’s operating results, while their U.S. GAAP results remain unchanged.
More about Mondelez International
Mondelēz International, Inc. operates in the food industry, primarily focusing on snacks, including biscuits, chocolate, and powdered beverages. The company has a global market presence, serving customers worldwide with a diverse product portfolio.
YTD Price Performance: -4.03%
Average Trading Volume: 8,446,854
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $76.35B
For detailed information about MDLZ stock, go to TipRanks’ Stock Analysis page.
